Use the Following Calendar-Year Information to Prepare David Company's Statement

question 105

Essay

Use the following calendar-year information to prepare David Company's statement of cash flows using the direct method.You may omit the schedule reconciling net income and net cash provided or used by operating activities.
$\begin{array}{|l|r|}\hline \text { Cash paid to purchase machinery } & \$ 124,000 \\\hline \text { Cash paid for merchandise inventory } & 220,000 \\\hline \text { Cash paid for operating expenses } & 280,000 \\\hline \text { Cash paid for interest } & 4,000 \\\hline \text { Cash received for interest } & 10,000 \\\hline \text { Cash proceeds from sale of land } & 100,000 \\\hline \text { Cash balance at beginning of year } & 15,000 \\\hline \text { Cash balance at end of year } & 77,000 \\\hline \text { Cash borrowed on a short-term note } & 25,000 \\\hline \text { Cash dividends paid } & 24,000 \\\hline \text { Cash received from stock issuance } & 57,000 \\\hline \text { Cash collections from customers } & 522,000 \\\hline\end{array}$

Understand the effects of framing and hindsight bias on decision making and judgment.

Explain the impact of representativeness and availability heuristics on probabilistic reasoning.

Interpret the rationale behind normative and descriptive models of decision making.

Evaluate the relevance of social context and evolutionary perspectives in reasoning and decision-making processes.